"I always went into an area that was in last
place, with a philosophy, 'You can't fall off
the floor.' And I was lucky, was at the right
time and the right place, with the right ideas,
and each one of these areas became number
one."
-Micheal Eisner
In the mid-90s, it appeared that Eisner's luck, and
Disney's, might be taking a turn for the worse. Initial
returns from Euro Disney, the new amusement park
outside of Paris, were disappointing. The company
abandoned its plans to build a historical theme park
outside of Washington, DC. At that moment, Eisner
announced the biggest coup of all: Disney was
acquiring Capital Cities, the owners of the ABC
television network, Eisner's old employer.
This merger set off a wave of consolidation in the entertainment and information
industries, with Time Warner buying out Turner, and Westinghouse making a bid for
CBS. However matters stand when the dust settles, no one will be surprised if The Walt
Disney Company and its resourceful CEO, Michael Eisner, come out on top.
Details on the merger